Today’s Best Market Rumors (10/2/2009) (AAPL)(GE)(BAC)(GOOG)(TWX)

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By Douglas A. McIntyre Updated Published
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Updates throughout the day.

Update: Jeff Bewkes, CEO of Time-Warner (TWX) who says “Time, Inc. is not for sale.” (Atlantic First Draft of American History Conference)

Update:   John Paulson and Angelo Gordon may be buying debt in troubled phone company FairPoint (FRP) (NYPost)

Update:   BioCryst Pharm (BCRX) is spiking higher on takeover rumors (Briefing.com)

Comcast (CMCSA) is not going to buy GE’s (GE) NBC Universal unit or any part of it. (various)

Comcast is close to a joint venture to own NBCU in which the cable firm would own 51% (various)

Chrysler may fold within a year  (24/7 Wall St.)

GE may take NBCU public. (Reuters)

Pay czar Kenneth Feinberg may block Ken Lewis’s $125 million pay package at Bank of America (BAC). (Reuters)

Local.com (LOCM) may or may not be a buyout target for Microsoft (MSFT). The press release making an announcement of the deal is a fake. (Barron’s)

“Bank of England governor Mervyn King may have told economists this week, that the Bank had no immediate plans to change the rate paid to commercial banks on sums deposited overnight, but it appears not everyone believes him.” (FTAlphaville)

Apple (AAPL) plans to replace the decades-old PC “mouse” with touch technology in upcoming Macs. (AppleInsider)

Google (GOOG) has taken access to the homepage of file-sharing service Pirate Bay out of its search results. (The Register)

Apple’s iPhone market share could more than double if its exclusive deal with AT&T (T) ends (SAI).

Brian T. Moynihan, head of Bank of America’s (BAC) consumer unit, may be the top candidateto be the new CEO. (NYTimes)

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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